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Home My WebLink AboutItem No. 02 Investment Report City of Lake Elsinore 130 South Main Street Lake Elsinore,CA 92530 L www.lake-elsinore.org Text File File Number: ID#17-696 Agenda Date:6/28/2018 Version:2 Status:Approval Final In Control:Oversight Board File Type:Report Agenda Number:2) City of Lake Elsinore Page 1 Printed on 6/26/2018 REPORT TO OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE To: Chairperson Kelley and Members of the Oversight Board From: Barbara Leibold, Successor Agency Counsel Date: June 28, 2018 Subject: Investment Report—April 2018 Recommendation Receive and file the Successor Agency Investment Report Summary for April 2018. Discussion Attached is the Investment Report Summary of Pooled Cash and Investments of the Successor Agency for April 2018. The City's Investment Reports are now combined reports listing of all funds invested for the City of Lake Elsinore and funds held for the Successor Agency as of the date shown on the report. As reported in the Pooled Cash and Investments By Fund, the Successor Agency Funds are. Fund No. 510 Successor Agency RDA Area I Fund No. 520 Successor Agency RDA Area 11 Fund No. 530 Successor Agency RDA Area I III Fund No. 540 Successor Agency RDA Diamond Stadium Prepared by Barbara Leibold, Successor Agency Counsel Attachments: Investment Report Summary— April 2018 CITY OF LAKE ELSINORE INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS AS OF APRIL 30,2018 BANK DEPOSITS OUTSTANDING BOOK CASH ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE Bank Accounts: General Checking Account $ 1,700,144 $ 90,512 $ (331,343) $ 1,459,313 Cash On Hand: Cashier Drawers#1 &#2 - - 300 City of Lake Elsinore Petty Cash Fund - 1,000 Total Cash Accounts 1,700,144 90,512 (331,343) 1,460,613 INVESTMENTS City Investments: City Local Agency Investment Fund 17,713,527 - 17,713,527 City CAMP Investments: CAMP Pool Account 9,804 9,804 U.S.Treasury Bond/Note 10,661,418 10,661,418 Supra-National Agency Bond/Note 2,002,766 2,002,766 Municipal Bond/Note 290,464 290,464 Federal Agency Collateralized Mortgage Obligation 498,474 498,474 Federal Agency Bond/Note 3,709,463 3,709,463 Corporate Note 8,448,385 8,448,385 Certificate of Deposit 4,964,318 4,964,318 Housing CAMP Investments: Housing CAMP Pool Account 4,662 4,662 Housing U.S.Treasury Bond/Notes 1,962,480 1,962,480 Housing Supra-National Agency Bond 335,457 335,457 Housing Municipal Bond/Notes 30,084 30,084 Housing Federal Agency Collateralized Mortgage 99,664 99,664 Housing Federal Agency Bond/Notes 648,186 648,186 Housing Corporate Notes 1,410,817 1,410,817 Housing Certificate of Deposit 699,961 699,961 Successor Investments: Successor Local Agency Investment Fund 7,516,701 7,516,701 Successor CAMP Investments: Successor CAMP Pool Account 16,893 16,893 Successor U.S.Treasury Bond/Notes 1,916,297 1,916,297 Successor Supra-National Agency Bond 360,397 360,397 Successor Municipal Bond/Notes 30,084 30,084 Successor Federal Agency Collaterized Mortgage 99,664 99,664 Successor Federal Agency Bond/Notes 952,631 952,631 Successor Corporate Notes 1,320,504 1,320,504 Successor Certificate of Deposit 699,961 699,961 Sub-total Investments 66,403,061 - 66,403,061 Market Value Adjustment: Unrealized Gain/(Loss)at 06-30-17 City (219,221) - (219,221) Unrealized Gain/(Loss)at 06-30-17 SARDA (38,492) - (38,492) Total Unrealized Gain/(Loss)at 06-30-17 per GASB 31 (257,713) - - (257,713) Total Investments 66,145,348 66,145,348 Total Pooled Cash and Investments $ 67,845,492 $ 90,512 $ (331,343) $ 67,505,961 TOTAL POOLED CASH AND INVESTMENTS $ 67,605.961 I certify that this report accurately reflects all pooled investments and it is in conformity with the investment policy as approved by the City Council on June 13,2017. A copy of this policy is available in the office of the City Clerk. The pooled investments shown above provide sufficient cash flow liquidity to meet the next six months estimated expenditures. Jason P.Simpson May 15,2018 Assistant City Manager Date CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF APRIL 30, 2018 FUND NO FUND NAME AMOUNT 100 General $ 10,155,098 106 Affordable Housing In Lieu 1,893,136 107 Developer Agreement Revenue 11,903 110 State Gas Tax 414,653 112 Measure 1,638,119 114 SB1186 CASP Education Program 9,929 115 Traffic Safety 78,061 116 City Hall-Public Works DIF 1,028,003 119 Animal Shelter DIF 74,282 121 T.R.I.P.-2014A 133 135 Lighting &Landscape Maintenance- Dist. No. 1 886,351 140 Geothermal 20,263 160 PEG Grant 1,202 205 Traffic Impact Fee 4,404,107 211 Storm Drain C.I.P. 966,707 220 Street Lighting C.I.P. 102,209 221 Quimby Park C.I.P. 52,516 231 Library C.I.P. 1,821,477 232 City Fire Protection 130 254 Railroad Canyon Improvement Area 89-1 126,253 300 Insurance Service 1,237,828 305 Information Systems Service 438,893 310 Support Service 11,243 320 Facilities Service 600,543 331 CFD 2006-1CC Summerly Improvement Area CC 23,582 332 CFD 2006-1 Improvement Area B, Summerly 43,899 334 CFD 2015-5 Trieste- Far West Industries 37,392 336 CFD 2006-1 FF Summerly Improvement Area FF 41,250 337 CFD 2016-2 Canyon Hills 8,531 340 CFD 2006-1 IA-EE Summerly Improvement Area 31,219 345 CFD 2003-2 Improvement Area D, Canyon Hills 881,931 346 CFD 2014-1 Southshore 64,225 347 CFD 2006-1 Improvement Area A, Summerly 47,564 350 CFD 98-1 Summerhill 992,572 352 AD 86-1 Northwest Sewer 659,115 354 CFD 90-2 Tuscany Hills 1,541,145 357 CFD 2003-2 Canyon Hills Improvement Area 311,517 366 CFD 2005-6 City Center Townhomes 129,708 368 CFD 2006-2 Viscaya 199,984 369 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area 432,669 371 CFD 2005-1 Serenity 206,371 CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF APRIL 30, 2018 FUND NO FUND NAME AMOUNT 372 CFD 2005-2 Alberhill Ranch Improvement Area 340,417 374 CFD 2005-4 Lakeview Villas 55,576 375 CFD 2006-4 Clurman 12,633 376 CFD 2006-3 La Strada 2,322 377 CFD 2006-6 Tessara 11,444 378 CFD 2006-8 Running Deer Estates 17,751 384 CFD 2003-2 Area B Canyon Hills Improvement Area 568,181 385 CFD 2004-3 Area 2 Rosetta Canyon Improvement Area 683,778 386 CFD 2007-4 Mekenna Court 13,483 387 CFD 2007-5 Red Kite 69,186 388 CFD 2007-6 Holiday Inn Express 6,494 389 CFD 88-3 (2008A) West Lake Elsinore Series A 957,481 390 CFD 2003-2 Area C Canyon Hills Improvement Area 143,732 392 CFD 95-1 City Center 92,851 393 AD 93-1 Cottonwood Hills 426,167 394 CFD 2005-5 (2012A)Wasson Canyon 193,060 395 CFD 2018-1 Wasson Canyon II Improvement Area 24,526 500 Capital Improvement Plan 4,024,350 510 Successor To RDA Area I, 11, & III 8,208,884 540 Successor To RDA Diamond Stadium 1,956,132 603 Endowment Trust-Carl Graves 978,642 604 Endowment Trust-Korn Memorial 31,750 605 Public Improvement Trust 57,597 606 Mobile Source Air Polution Reduction 198,567 608 Trust Deposit&Pre Paid Expense 4,337,843 617 Successor Agency Housing 11,036,659 620 Cost Recovery System 1,256,453 631 Lake Destratification Equipment Replacement 274,287 Total Pooled Cash &Investments $ 67-605,961 CITY OF LAKE ELSINORE LOCAL AGENCY INVESTMENT FUND TRANSACTION SUMMARY FOR THE MONTH ENDING APRIL 30,2018 Yield Purchase Date Maturity Rate 1.661% Daily 24-Hour Agency Beginning Balance Net Increase/(Decrease) Ending Balance City $ 18,644,165 $ (930,639) $ 17,713,527 Successor Agency $ 7,487,026 $ 29,675 $ 7.516,701 Total Investments Held with Local Agency Investment Fund: $ 26,131,192 $ (900,964) $ 25,230,227 Note: Per California State Treasurer, LAIF Statute 16429.1: Separate accounts for each governmental unit shall be maintained. LAIF accounts are subject to a$65 million cap per agency.